BTCUSD is recovering in a five-wave manner up from the 9200 region, where a higher degree correction had found a base. We see a clear recovery underway, which can now be stopping for a temporary correction as wave (iv), which can be either a flat or a triangle. Once wave (iv) fully develops, that is when we expect to see a new bullish continuation towards the 13000 area.
BTCUSD, 1h
EURNZD looks to be trading in a big bullish cycle, with price currently unfolding a possible three-wave correction into a wave iv of a higher degree. If that is the case, the potential support at 1.700/1.695 region can be touched, before bulls resume to take price price higher.
EURNZD, 1h
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